New York, Dec. 28 – Citigroup Global Markets Holdings Inc. priced $3.36 million of 11.3% autocallable equity linked securities due Nov. 28, 2025 linked to the common stock of Lincoln National Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be paid quarterly.
The securities will be called automatically at par if the stock closes at or above its initial level on any quarterly valuation date starting May 24, 2023.
The payout at maturity will be par if the stock ends at or above its 50% final barrier. Otherwise, investors will lose 1% for every 1% that the stock declines.
The notes are guaranteed by Citigroup Inc.
Citigroup Global Markets Inc. is the agent.
| Issuer: | Citigroup Global Markets Holdings Inc.
|
| Guarantor: | Citigroup Inc.
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| Issue: | Autocallable equity linked securities
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| Underlying stock: | Lincoln National Corp.
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| Amount: | $3,355,000
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| Maturity: | Nov. 28, 2025
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| Coupon: | 11.3% per year, paid quarterly
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above final barrier, par; otherwise, 1% loss for every 1% that stock declines from initial level
|
| Call: | Automatically at par if the stock closes at or above its initial level on any quarterly valuation date starting May 24, 2023
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| Initial level: | $37.56
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| Final barrier: | $18.78, 50% of initial level
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| Pricing date: | Nov. 28
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| Settlement date: | Nov. 30
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| Agent: | Citigroup Global Markets Inc.
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| Fees: | 2.5%
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| Cusip: | 17330YHU7
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